Externality meaning

ĕk'stər-năl'ĭ-tē
A cost or benefit that affects people other than those involved in the economic activity that produced it and that is not reflected in prices.

Pollution and other negative externalities.

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The quality or state of being external.
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An external thing.
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A cost to society, as of pollution or diminished public health, that is not accounted for in the price of a product sold to the public.
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(uncountable) The state of being external or externalized.
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(countable) A thing that is external relative to something else.
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(economics, countable) An impact, positive or negative, on any party not involved in a given economic transaction or act.
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Externality Sentence Examples

  • In these works he attacked the existing theories of externality which to the unphilosophical mind is proved by visual evidence.

  • This externality of religious truth to the mind is fundamental in scholasticism, while the opposite view is equally fundamental in mysticism.

  • As cause of our sensations and ground of our belief in externality, he substituted for an unintelligible material substance an equally unintelligible operation of divine power.

  • It was evident that a similar analysis might have been applied to tactual consciousness which does not give externality in its deepest significance any more than the visual; but with deliberate purpose Berkeley at first drew out only one side of his argument.

  • In the Principles of Human Knowledge, externality in its ultimate sense as independence of all mind is considered.

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Words near externality in the Dictionary